DeepCity Holdings: Application for issuing stocks to specific parties has been approved.

Shenzhen Securities Exchange Announcement: The company has recently received approval from the China Securities Regulatory Commission for the issuance of shares to specific investors by Shenzhen Exchange Technology Group Limited. The company is permitted to proceed with the registration application for the issuance of shares to specific investors. This issuance must strictly adhere to the submission of documents and issuance plans submitted to the Shenzhen Stock Exchange. This approval is valid for 12 months from the date of registration approval. The Board of Directors will handle the issuance matters within the stipulated timeframe and fulfill their disclosure obligations in a timely manner.